Binance CEO Richard Teng argues that cryptocurrency aligns with Bhutan’s Gross National Happiness (GNH) philosophy by enabling financial inclusion and self-sovereignty. During a visit to the Himalayan kingdom, he highlighted how blockchain can reduce inequality through decentralized access to global markets—a core GNH pillar. This contrasts with traditional finance systems that often exclude remote populations.
Teng specifically emphasized crypto’s role in sustainable development, noting Bhutan’s hydroelectric mining operations that convert renewable energy into economic value. This model transforms natural resources into digital asset creation without carbon-intensive methods, supporting environmental stewardship—another GNH tenet.
The discussion also covered crypto education as a tool for empowerment. By training citizens in blockchain technology, Bhutan could cultivate high-value digital skills while preserving cultural values. This approach mirrors Binance’s global initiatives but adapts them to Bhutan’s unique socio-economic priorities, positioning crypto as a happiness multiplier rather than purely speculative.
